They have a deep presence in Europe and are expanding.
ONE HUGE word of caution-they have $2.8 BILLION in debt.
I am very interested in PRAAs earnings.
That's really about it now. There use to be several more that either failed or got bought out (such as AACC. There is ASFI, but they haven't bought in a few years.
1.PRAA did NOT beat in the September quarter.
The reason this stock was down yesterday was partially due to the earnings report by Encore (ECPG) but more importantly their outlook. The are seeing higher prices and are being fined $35 million.
BK yes. However, any claim would first be against HIPP's insurance company and then to the officers and directors personally (thanks to Sarbanes-Oxley)
The companies assets, or lack thereof, are not relevant to BK; their insurance policy is.
I sold almost half my position in the 7-8 cent area.
This proves that even at my age you still have a lot of learning to do. All of the red flags were there but I still believed in the product and the sector and I was dead wrong.
When HIPP put out that #$%$ last year about the quarter being slow without any warning, that should have been the last straw for all of us that bought in the $2 plus area. No one at this company ever cared and were plain disingenuous to all who supported their stock and plan.
Interestingly enough, the next step will be that Hipcricket will get a delisting notice for failure to file timely.
That's why I know or believe that this is premeditated.
Well, they will certainly be sued. The lies and borderline fraudulent statements this company has made might even be criminal and they could be personally liable.
Taking it private won't be easy either. However, without seeing numbers and not being a reporting entity, how will we ever know what a fair price sold be if that was an option.